Name : Ailyn M.

Dinopol

Course : IS Innovation and New Technology

Professor : Clarence Dave G. Galas

Room : CE-28

Day : TTH

Time : 10:00-11:30AM

Activity#: 3

Chapter #: 1

Chapter Title: What is Information System

General Directions:

a. Read comprehensively the given exercise.

b. Answer the given questions accordingly. Elaborate your answer by citing

concrete examples.

c. Make use of a short size bond paper; computerize your output; font size-12; font

style- Times New Roman.

d. Submit a softcopy (in Google Classroom) on or before February 10, 2020.

(Failure to submit on the set deadline is considered zero point).

Questions:

1. In your own words, why do you think so many innovation projects fail to generate

an economic return?

Answer; Because they too much focus on technology: Too much focus on technology and not
enough on understanding consumers which result new innovation product would not meet
ROI.
2. What are some advantages of technological innovation? Disadvantages?

Answer:

ADVANTAGES

 Cost effectiveness: Since the business has become online the costs for running a business
have been reduced to a large extent for many organizations. The machines have replaced
human.
 Communication: With the advent of new technologies communication has become very
easy, fast and cheap. E.g. -Mobile, internet etc.
 24/7: Organizations have switched to online business with the help of new technologies,
hence globally. This feature has increased the flexibility of business and has helped to
grow and earn faster.
 Job opportunities: With the evolution of new technologies the scope of employment has
also raised. Every new technology requires specialized skilled person to work on them.

DISADVANTAGES

 Scope of unemployment: With the innovation of new technologies, the business has
become more streamlined which has led to job reduction of staff, downsizing of
organizations and outsourcing in other countries. This has created unemployment at
lower and middle level of many organizations.
 Dominant culture: Since the world has become a global village, the culture is being
dominated by the strong one. For example,>>>>>>>>>>>>>>>.>
 Lack of security: As the technologies have made communication easier and faster but the
level of security has been endangered too. Examples – email hacking,

3. Why is innovation so important for firms to compete in many industries?

Answer improve Answer: Innovation enables firms to introduce more product and service
variations, enabling better market segmentation and penetration; improve existing products and
services so that they provide better utility to customers; production processes so that products and
services can be delivered faster and at better prices..

Note: Upload your work to google classroom and turn-in